News

Makkasan land deal derails

The Finance Ministry has backed away from developing the 500-rai Makkasan plot owned by the State Railway of Thailand under a debt-for-land deal with the rail agency. The State Enterprise Policy Commission, or the superboard, earlier agreed to a proposal that the SRT lease the Makkasan ...

Work set to begin on Laos-China railway this month

Construction of the Laos-China railway will start this month, with work to begin in several provinces simultaneously, an official in charge of the project has said. This approach will ensure that construction of the historic rail line, linking Vientiane to the Chinese border over a ...

Vietnam urges Laos to move forward with road link

No soil has been turned since the survey and design of the Nasone road upgrade, which would link Luang Prabang province to the Vietnam border at Dien Bien province, after a study into the project ended two years ago. Vietnam’s Minister of Transport, Mr Truong ...

Government pushes expressway to go ahead

The government has instructed authorities to resume construction of a section of the long delayed northern expressway linking the Kasetsart intersection and Nawamin Road, also known as the N2 section. The planned expressway, which will link west Bangkok at Bang Pa-In-Bang Phli motorway to east ...

Laos, Vietnam give full support to fuel supply pipeline

Motorists in Laos could enjoy lower prices at the pump now that the Lao and Vietnamese governments have expressed their full support for the construction of a pipeline that would deliver fuel from Vietnam to Laos. The survey, design and feasibility study of the proposed ...

City Infrastructure JSC sells $40m bond

HCM City Infrastructure Investment JSC on November 24 signed a contract to sell US$40 million worth of convertible bonds to KEB Hana Banktrustee and Custodian Business, the first tranche in its plan of issuing $60 million bonds to raise funds for its projects, the HCM Stock ...

Sepo urges SRT land development

The State Enterprise Policy Office says land development of 39,000 rai held by the debt-ridden State Railway of Thailand could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some ...

ASEAN Ministers boost Belt and Road

Southeast Asia is ready to open more commercial doors to the Chinese government’s Belt and Road program, following a meeting of transport ministers from China and the 10 members of the Association of Southeast Asian Nations. Belt and Road, a trade and infrastructure construction initiative ...

The AIIB and shifting economic dynamics in Southeast Asia

The China-led Asian Infrastructure Investment Bank, which seeks to help plug Asia’s infrastructure-funding gap, has begun shifting the economic balance of power and influence in Southeast Asia, a region in which Japan and the United States have traditionally been the key external economic players. While ...

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